Author Topic: Does this Aussie need private health insurance?  (Read 716 times)


  • 5 O'Clock Shadow
  • *
  • Posts: 26
Does this Aussie need private health insurance?
« on: March 31, 2016, 04:38:29 PM »
Should I get private health insurance?

I'm a 33 year old Australian and I've never had private health insurance, never really had need of it. I'm close to retiring though and my girlfriend thinks it might be risky to not have health insurance while not having a full time job.

Is she right?

The public system has always been good enough for me, and a quick glance at private cover makes me think it's expensive and doesn't really cover that much.

Aussie Mustachians... should I get private health insurance?


  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Does this Aussie need private health insurance?
« Reply #1 on: March 31, 2016, 08:19:57 PM »
It's really your choice so please don't take this as advice, just my observations.
Whether you are working or not shouldn't affect your need for private health insurance unless u are earning enough that you want to avoid paying the Medicare levy surcharge. 
Like you I think overall our public health system does a great job.
From what I have seen the main benefit of having private health insurance is that it will get you in sooner for elective surgery. However, the insurance by no means covers all costs, and there are likely to be gaps to pay. In a public hospital there are few extra costs, only really medication for discharge.
Extras cover may be worth it if you see a lot of complementary health professionals or need prescription glasses every couple of years. I figure it is cheaper to just pay full price to go to the dentist once a year and not be tied into ongoing monthly payments.